Russia opens oil price-fixing probe against top firms

Russian state inspectors have opened an inquiry into major Russian oil firms suspected of market rigging to push up petrol prices nationally.

BP sees profits rise but warns of Russia sanctions risk

BP has warned that further sanctions against Russia could affect its business as it posted a rise in second quarter profits.

Russia plans $25-$30 billion oil-for-loans deal with China

LONDON/MOSCOW: Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.